Our source has exclusively obtained the decision by Minister of Economy of the Government of National Unity, Mohamed Al-Huwaij, to cancel his previous order banning the practice of import, export, and re-export activities unless conducted through bank transactions approved by the Central Bank of Libya.
The same applied to financial transfers made by companies for the purpose of establishing joint ventures, opening branches of foreign companies in Libya, or investing—these too were restricted to banking operations approved by the Central Bank.
Exclusive sources revealed:
“This decision is issued, circulated, and then canceled every year. It causes nothing but crises for imported goods, halts operations, and delays the entry of containers into Libyan ports—only for the ban to be lifted shortly afterward.”
